I think that's an insane stretch of what's really happening.
Sure. It was a reply to a (dismissive) question asking what's the worst a regulator could do... it wasn't necessarily meant to be a reflection of what's really happening.
Re:Why We Disagree with The New York Times
by jessaustin on Tuesday June 05, 2018 @11:11AM
(#17238395)
The harm of (captured-)regulated monopolies is real, but we ought to save this argument for important targets like the Daughters Bell. I offered an admittedly far-fetched example of a possible harm from regulating FB, in the hopes that you could come up with a more plausible one. No such luck!
They can make regulations on social networks that are infeasible to comply with for any company not making 10s of billions of dollars a year, effectively cementing facebook as the only legal social network. Whether you consider that a harm or not is up to you.